Gelonghui December 27th 丨Huamao Co., Ltd. (000850.SZ) announced that Anqing Xinkun Trading Co., Ltd. (“Xinkun Trading” for short) is a wholly-owned subsidiary of Anhui Huamao Import and Export Co., Ltd. (“Huamao Import and Export”), and that Huamao Import and Export is a wholly-owned subsidiary of Huamao Group, the controlling shareholder of the company. In order to better meet the company's long-term strategic development goals, the company plans to use 88.3521 million yuan in cash to acquire 100% of Xinkun Trading's shares. After the transaction is completed, Xinkun Trading will become a wholly-owned subsidiary of the company.
华茂股份(000850.SZ)：拟8835.21万元收购新坤贸易100%股权
Huamao Co., Ltd. (000850.SZ): Proposes to acquire 100% of Xinkun Trading's shares for 88.3521 million yuan
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